Global Engine Group (NASDAQ:GLE) Rating Lowered to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Global Engine Group (NASDAQ:GLE) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Global Engine Group Stock Performance

Shares of GLE stock opened at $2.97 on Friday. The firm has a 50 day moving average price of $2.16 and a two-hundred day moving average price of $1.87. Global Engine Group has a 12-month low of $1.05 and a 12-month high of $5.44.

Institutional Investors Weigh In On Global Engine Group

An institutional investor recently bought a new position in Global Engine Group stock. XTX Topco Ltd purchased a new stake in Global Engine Group Holding Limited (NASDAQ:GLE) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,767 shares of the company’s stock, valued at approximately $29,000. XTX Topco Ltd owned approximately 0.10% of Global Engine Group at the end of the most recent quarter.

About Global Engine Group

Global Engine Group Holding Limited provides integrated solutions in the information communication technologies (ICT), system integration, and other technical consultation service areas in Hong Kong. The company offers ICT solution services, including cloud platform deployment, IT system design, configuration, maintenance, and data center colocation and cloud services; technical services, such as technical development, support, and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, and Internet-of-things (IoT) projects; and project management services.